A few points I would like to make :
1. You don't heat up a kiln if you don't intend to use it in the next few months. Power bills aren't cheap.
2. With Phase 1 in full production, Lynas is now fundamentally de-risked. Basic analysis shows a solid support at 50c based on phase 1 alone.
3. Rare earth prices can't go much lower.
Seems to me that buying at current share-prices is very good from a risk/reward perspective.
News: Lynas to cut costs , page-37
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Last
$6.35 |
Change
-0.050(0.78%) |
Mkt cap ! $5.935B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.34 | $19.83M | 3.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11865 | $6.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.36 | 3637 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |